Features

In-depth analysis of specific topics.

Goodbye from Subject: Poker

February 4, 2012 - 5:21 PM EDT
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Goodbye from Subject: Poker

Subject: Poker will not be publishing any more articles. Currently, Thomas Bakker and I are starting a poker security consulting company. As a result, I can no longer guarantee my independence as editor-in-chief. Subject: Poker's founding principle is independence, so it would be inappropriate for me to continue Subject: Poker. The website will stay up with all articles intact for the foreseeable future, but it will naturally become a bit of a relic as time passes and no new articles are added. I hope that it will continue to prove a useful resource for the poker community. Diamond Flush has decided to start a new poker news site, Diamond Flush Poker. Diamond has been an incredible member of our team who's written many of our...

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Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal

January 25, 2012 - 9:03 PM EDT
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Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal

From at least April of 2007, Chris Ferguson funnelled just under $60 million of his Full Tilt distribution payments into bank accounts held for him in the name of Pocket Kings Ltd, in addition to the roughly $25 million that the US Department of Justice reported that he received in their amended civil complaint. He successfully withdrew or spent about...

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FTP and GBT Agree on Assets; DOJ Next in the Queue

December 15, 2011 - 10:41 AM EDT
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FTP and GBT Agree on Assets; DOJ Next in the Queue

Subject: Poker can now confirm that Full Tilt Poker and Groupe Bernard Tapie have executed an agreement to further the transfer of FTP's assets to GBT. This agreement was necessary to pave the way for the US Department of Justice to take possession of the assets voluntarily being forfeited by Full Tilt. This was the next step in the complicated process of transferring Full Tilt assets (by way of the US Department of Justice) to Groupe Bernard Tapie....

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BREAKING: DOJ and GBT Ink Their Deal, FTP/GBT Next in the Queue

November 17, 2011 - 7:57 PM EDT
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BREAKING: DOJ and GBT Ink Their Deal, FTP/GBT Next in the Queue

Following the longest two and a half weeks for online poker players since Black Friday, Subject: Poker can confirm that the US Attorney's Office for the Southern District of New York, and Group Bernard Tapie have signed their letter agreement, allowing for the acquisition of the assets of Full Tilt Poker by GBT once FTP have inked their side of the agreement. Mr. Behn Dayanim, the Washington, D.C. attorney for GBT in this matter, offered the following...

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FTP Issues Statement Re: GBT/DOJ Agreement

November 17, 2011 - 7:57 PM EDT
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FTP Issues Statement Re: GBT/DOJ Agreement

Full Tilt gave Subject: Poker the following statement earlier today: Full Tilt Poker is pleased that the terms of the agreement between Groupe Bernard Tapie (GBT) and the Department of Justice have been finalized, and that the agreement provides forGBT to repay or make whole players outside of the United States and provides a mechanism for U.S. players to get repaid.Since Black Friday, repaying customers has been FTP’s number one priority. Ray Bitar, co-Founder and CEO...

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BREAKING: GBT and DOJ Strike Deal, FTP Sale Pending

November 1, 2011 - 2:26 PM EDT
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BREAKING: GBT and DOJ Strike Deal, FTP Sale Pending

After weeks of waiting, Subject: Poker can confirm that Groupe Bernard Tapie and the US Department of Justice have come to terms that allow GBT's acquisition of Full Tilt Poker to continue. If FTP's current shareholders agree to acquisition of their company, this deal with the DOJ will provide for payment of all players worldwide. Multiple sources have confirmed to S:P that the following email went out this morning to Tiltware shareholders from Ray Bitar: Dear...

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AGCC Falsely Reported $331M, Real Number $159M

October 20, 2011 - 10:22 AM EDT
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Alderney Coat of Arms

The Alderney Gambling Control Commission's report that the US Department of Justice had seized $331 million from Full Tilt Poker over almost four years is false. Subject: Poker believes that the real number is about $159 million. Approximately $35-$45 million was seized from FTP on April 15th. Following ten days of hearings and deliberation,...

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FTP Acquisition Agreement, Fact vs Fiction

October 4, 2011 - 8:18 PM EDT
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FTP Acquisition Agreement, Fact vs Fiction

Correction posted 10/5/2011 8:06 PM EST. In light of some widespread rumors that are running rampant across the internet regarding the acquisition agreement between Groupe Bernard Tapie (GBT) and Full Tilt Poker, Subject: Poker has contacted several of our sources to get clarity. There is indeed a tentative agreement to purchase Full Tilt Poker that's been signed by all parties. As is to be expected, it's a provisional agreement, where certain contingencies must be met. The agreement...

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Interview with Tom “durrrr” Dwan about FTP

September 22, 2011 - 6:22 PM EDT
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Interview with Tom “durrrr” Dwan about FTP

Tom "durrrr" Dwan is one of the best-known players of nosesbleed-stakes poker and the newest member of Team Full Tilt. On April 16th, his friend Phil Galfond decided to guarantee $1 million of Stars and Full Tilt payouts to players, and Dwan decided to match it. Dwan has since raised this to the amount that he earned in sponsorship money from Full Tilt Poker, an amount that he says is higher than $1 million. He...

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BREAKING: DOJ’s Civil Complaint Amended, Alleges FTP Stole Player Funds (Update 7)

September 20, 2011 - 12:00 PM EDT
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BREAKING: DOJ’s Civil Complaint Amended, Alleges FTP Stole Player Funds (Update 7)

Most recent update: 9/20 at 4:37 PM EDT. The US Department of Justice has amended its Black Friday civil complaint to include discussion of alleged "Full Tilt Poker's and the FTP insider defendants' theft of player funds." The new complaint adds three new defendants, Howard Lederer, Chris Ferguson, and Rafe Furst. It also alleges that these new defendents together with Ray Bitar committed money laundering, and asks for penalties ranging from $12M for Furst to $42M for Lederer. A...

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